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March 11

March 11

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Published by jamesa612
March 2011 housing report
March 2011 housing report

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Published by: jamesa612 on May 16, 2011
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06/08/2014

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Local Market Updates
 
Brought to you by the unique data-sharing traditions of the MN REALTOR
®
Community
Minnesota Regional Development Organizaons
 
1
 
Northwest Region
 
7E
 
East Central Region
 
2
 
Headwaters Region
 
7W
 
Central Region
 
3
 
Arrowhead Region
 
8
 
Southwest Region
 
4
 
West Central Region
 
9
 
South Central Region
 
5
 
North Central Region
 
10
 
Southeast Region
 
6E
 
Southwest Central Region
 
11
 
7
-
County Twin Cies
 
6W
 
Upper Minnesota Valley
 
 
20102011+ / 20102011+ /
New Listings
18,391
12,822
- 30.3%42,122
31,105
- 26.2%
Closed Sales
5,486
5,021
- 8.5%12,378
12,354
- 0.2%
Median Sales Price*
$146,000
$129,475
- 11.3%$142,500
$130,000
- 8.8%
Percent of Original List Price Received**
92.0%
87.9%
- 4.4%91.6%
87.5%
- 4.5%
Days on Market Until Sale
117
135
+ 15.6%117
131
+ 11.8%
Local Market Update – March 2011
A RESEARCH TOOL PROVIDED BY THE
MINNESOTA ASSOCIATION OF REALTORS®
- 30.3%- 8.5%- 11.3%
Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
MarchYear to Date
Entire State
* Does not account for seller concessions. | ** Does not account for list price from any previous contracts. | Activity for one month can sometimes look extreme due to small sample size.
42,12231,105
Year to Date
2010 2011
18,39112,822
March
2010 2011
 All MLSEntire State
† Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the6 months used in a dot are proportioned according to their share of sales during that period. | Powered by 10K Research and Marketing.
- 20%- 15%- 10%- 5%0%+ 5%1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011
Change in Median Sales Price from Prior Year
(6-Month Average)
ba
 
42,12212,37831,10512,354
New Listings Closed Sales
Year to Date
2010 2011
- 0.2%- 26.2%
18,3915,48612,8225,021
New Listings Closed Sales
March
2010 2011
- 8.5%- 30.3%
 
20102011+ / 20102011+ /
New Listings
190
135
- 28.9%434
305
- 29.7%
Closed Sales
52
48
- 7.7%107
118
+ 10.3%
Median Sales Price*
$85,400
$52,000
- 39.1%$91,500
$88,000
- 3.8%
Percent of Original List Price Received**
85.8%
82.2%
- 4.2%85.7%
83.8%
- 2.1%
Days on Market Until Sale
133
163
+ 23.0%139
140
+ 0.8%
Local Market Update – March 2011
A RESEARCH TOOL PROVIDED BY THE
MINNESOTA ASSOCIATION OF REALTORS®
- 28.9%- 7.7%- 39.1%
Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
MarchYear to Date
Northwest Region
* Does not account for seller concessions. | ** Does not account for list price from any previous contracts. | Activity for one month can sometimes look extreme due to small sample size.
434305
Year to Date
2010 2011
190135
March
2010 2011
 All MLSNorthwest Region
† Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the6 months used in a dot are proportioned according to their share of sales during that period. | Powered by 10K Research and Marketing.
- 25%- 20%- 15%- 10%- 5%0%+ 5%1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011
Change in Median Sales Price from Prior Year
(6-Month Average)
ba
 
434107305118
New Listings Closed Sales
Year to Date
2010 2011
+ 10.3%- 29.7%
1905213548
New Listings Closed Sales
March
2010 2011
- 7.7%- 28.9%

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